Kfann
Great thanks. As I suspected Bells have said:
"We will be revising our valuations of FAR in the light of the confirmation of the size of potentially recoverable resources in the upper zone of SNE-1."
The 700mbbl is RECOVERABLE not oil in place!!! I have that confirmed from FAR. So that's the same as Jubillee if it becomes reserves after appraisal. Makes the STOOIP for both wells combined somewhere around 1,500-2,000mbbl for typical 30-40% recoveries. I'm sure FAR management will be plugging that comparison to Jubilee as are Bells.
I reckon that FAR's share of that being 105mbbl may be valued by Bells anywhere from 15-30 cents, the upper price being when it is confirmed as a Contingent Resource (it is a discovered resource already just needs to be confirmed as a CR once data is analysed). Compare that to HDR's 20mbbl from Chinguetti and you might see the bigger picture!
H
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Last
46.5¢ |
Change
-0.015(3.13%) |
Mkt cap ! $44.35M |
Open | High | Low | Value | Volume |
46.5¢ | 46.5¢ | 46.5¢ | $3.095K | 6.656K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 43344 | 46.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
47.0¢ | 4506 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 43344 | 0.465 |
1 | 50000 | 0.460 |
1 | 50000 | 0.455 |
1 | 1822 | 0.450 |
1 | 3000 | 0.445 |
Price($) | Vol. | No. |
---|---|---|
0.470 | 4506 | 5 |
0.475 | 50000 | 1 |
0.480 | 50000 | 1 |
0.485 | 54000 | 2 |
0.490 | 4000 | 1 |
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